- EUR/USD failed to breakout above the 1.1700 level as it has been drifting lower in Asia and early European session.
- EUR/USD is trying to find some support above the 1.1620 and the 200-period simple moving average (15m).
- However, the momentum is rather bearish as the market might try to test the lower end of the trading range near 1.1600 and the 1.1560 level.
Spot rate: 1.1637
Relative change: -0.45%
High: 1.1692
Low: 1.1623
Trend: Bearish
Resistance 1: 1.1672 June 27 high
Resistance 2: 1.1700 figure
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 4: 1.1800 figure
Support 1: 1.1640 supply/demand level
Support 2: 1.1600 figure
Support 3: 1.1560 June 14 low
Support 4: 1.1527 last week’s low
Support 5: 1.1508 current 2018 low
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